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Stock impact report

Why PNC Financial Services Group (PNC) Stock Is Up Today [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
The bank announced earnings per share of $4.88, which was well ahead of analysts' expectations of $4.21. Quarterly revenue reached $6.07 billion, also beating projections of $5.97 billion and marking an 8.5% increase from the same period last year. The strong performance was supported by other key banking metrics outperforming Wall Street's forecasts, including the company's tangible book value per share and efficiency ratio. A lower efficiency ratio is generally viewed positively by investors as it indicates a bank is managing its non-interest expenses effectively relative to its revenue. Overall, the solid quarter, highlighted by beats on both the top and bottom lines, appeared to boost investor confidence. The shares closed the day at $223.14, up 3.8% from previous close. Is now the time to buy PNC Financial Services Group? Access our full analysis report here, it's free PNC Financial Services Group's shares are not very volatile and have only had 5 moves greater than 5% ove Show less Read more
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